27th November Dubai World overview
Friday, November 27th, 200927th November 2009
Macro- Overview
Focus on Dubai
The last two days has seen news that Dubai World (the investment company owned by the state of Dubai) asked its creditors for a freeze on the repayment of debt. This effectively has raised concerns of a potential state default. Global risk trades have taken a battering with equities, commodities and high yielding carry trades have taken significant hits.
